PM May's exit strategy holds up pound but political risks loom large

Sterling strengthened against all major counterparts on Tuesday after Ms May pledged to quit the single market and instead seek a customs agreement with the bloc to deliver "a smooth and orderly Brexit".

PHOTO: AFP

London

THE POUND may have rallied the most since the 1990s after Prime Minister Theresa May promised a parliamentary vote on taking the UK out of the European Union, but the currency isn't out of the woods yet.

Sterling strengthened against all major counterparts on Tuesday after...